A term life insurance policy is a type of life insurance plan that provide temporary coverage usually lasting for a policy term (duration) of up to thirty years.

However, there are several policy terms to choose from, including 10, 15, 20, 25, 30, 35, or 40 years, depending on your age.

The shorter the policy term, the lower your annual cost of life insurance, because you have a lower probability of dying during the shorter term.

If the insured person dies during the policy term, the death benef...
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A term life insurance policy premium calculator is a calculator you can use to find out how much term life insurance will cost.

You just fill out the quote request form and click on a button and the calculator will give you free quotes from several leading life insurance companies instantly, right on your screen.

By using a term policy premium calculator you can shop and compare the best pricing for term life insurance, quick and easy, from the comfort of your home, or anywhere, at anytime.

Usin...
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Permanent life insurance is a type of life insurance that provides lifetime protection, meaning your coverage never expires un less you stop paying your premiums or you request to cancel your policy.

Permanent life insurance plans provide a death benefit and build some cash value inside the policy over time from which you may be able to take a loan if needed.

Permanent life insurance is much more expensive that term life insurance which provides temporary coverage for a duration of 10, 15, 20, ...
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A renewable term policy is a type of term life insurance plan that offers you the option to renew your coverage when your life insurance policy ends.

Term life insurance is temporary life insurance lasting up to 30 years, usually,

However, you may purchase 10, 15, 20, 25, or 30 years of life insurance coverage with a term policy.

These plans offer you the chance to continue your coverage (Renew The Policy) for a period of from one to 10 years, usually.

You will not have to take a medical exam to ...
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A life insurance coverage amount is the amount of life insurance protection provided by your life insurance policy.

It is the amount of life insurance stated on the Declarations page (front page) of your life insurance policy.

It is the amount of coverage your life is insured for when you purchase a life insurance policy.

If you (the insured) die, the life insurance company pays out the death benefit (life insurance coverage amount) to the beneficiary of your policy.

Keep in mind, if there is an ...
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If you are considering the purchase of life insurance you may be wondering what life insurance coverage actually means.

Life insurance is a contract between the insurance company and the owner of the life insurance policy.


The owner agrees to pay a certain amount of money to the insurer on a regular basis, and in return for the premium payments, the insurer agrees to pay out a death benefit to the beneficiary of the life insurance policy upon the death of the insured person, subject to the term...
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Converting a term life insurance policy is an option people who have convertible term life insurance may exercise to convert their existing term life insurance into a permanent life insurance policy.

Some people decide they need lifetime coverage after having purchased a term (temporary) life insurance policy.

The option to convert your term policy allows you to convert your temporary life insurance into a permanent life insurance plan.

You will not need to take a medical exam to prove insurabil...
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Term life insurance is a type of coverage providing temporary insurance for the duration of your life insurance policy term, which is usually either 10, 15, 20, 25 or 30 years.

If the insured person does not die during the policy term, the coverage expires with no payout of any benefits.

However, if you still need life insurance, you may contact the insurance company before the expiration date and request a renewal of your policy for an additional term, usually up to 5 or 10 years.

The renewal p...
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An accelerated death benefit (ADB) is a benefit that can be added to a life insurance policy that enables the policyholder (Insured Person) to receive cash advances against the death benefit of the policy in the case of being diagnosed with a terminal illness with a short life expectancy.

Many individuals who choose to access the accelerated death benefit from their policy have less than one year to live and use the money for treatments and other costs needed to help them stay alive.

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A waiver of premium rider is an insurance policy clause that waives premium payments in the event the policyholder becomes critically ill, seriously injured, or disabled.

A waiver of premium in life insurance is an action by the insurance company canceling premium payments by an insured who has been disabled for a specified period of time (usually, least 6 months).

The life insurance policy remains "In Force", just as if the insured was still making the premium payments.

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You can use a free life insurance price calculator to help you figure out the cost of a life insurance policy and save yourself time and money shopping for life insurance coverage.

What you pay for your life insurance plan will depend on several important factors, including the type and amount of life insurance you buy, as well as, your age, health, lifestyle, and tobacco use, among other personal risk factors taken into consideration by insurance companies when pricing life insurance.

You can ...

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If you are shopping for life insurance you may be looking to buy the most affordable plan available.

The life insurance that offers the cheapest rates would be term life insurance, if you need your life insurance coverage to last for a period of 30 years or less.

Term life is temporary coverage lasting for a specific number of years.

Whereas permanent life insurance provides lifetime protection and builds some cash value inside the policy, term life is temporary and only pays out a death benefit...

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Graded benefit life insurance is a type of life insurance plan providing you with permanent life insurance protection.

However, if the insured person dies within the first 2 (or 3) years of being insured, the beneficiary would receive either a full return of all premiums paid plus interest, or a percentage of the death benefit from the life insurance policy.

That's why graded benefit life insurance plans are easier to get than traditional life insurance.

Usually, these plans are guaranteed appro...

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A term for life insurance applies to term or temporary life insurance policies.

The "Term" of coverage is the duration or number of years the life insurance policy provides coverage.

The Term is also known as the Policy Term.

It's basically how long your life insurance coverage will last if you keep paying your premiums on time.

Usually, term life plans offer term options of 10, 15, 20 or 30 years.

Learn more about a life insurance term and how it works.

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Temporary life insurance isn't life insurance guaranteed to last your entire lifetime, but rather coverage that lasts for a specified period of tine, usually up to 30 years.

Temporary life is also known as term life insurance.

The "Term" of your policy is the duration of coverage.

Usually, term life plans offer coverage for a period of 10, 15, 20, 25 or 30 years.

The longer your Policy Term, the higher your rate per $1,000 of life insurance coverage.

Temporary life insurance usually costs 5-10 tim...

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If you are purchasing life insurance you may be wondering what types of death are not covered by a life insurance policy.

Usually, there are several standard exclusions to life insurance policies, which may include death resulting from war, aviation, suicide within the first two years of being insured, or if you die from a health problem you did not disclose on the application for coverage.

Learn more about what types of death are not covered by life insurance.

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If you are insured by a term life insurance policy, and you don't die during the Policy Term, then the following happens:

• The is no payout of any death benefits, since are are still alive.
  
• The life insurance coverage ends, and you pay no more premiums.
  
• You may have the option of renewing your term life insurance policy for another term, usually up to 5 or 10 years, at a new rate based on your age at the time of renewal.
  

However, you will need to contact the insurer before expiration of your origi...

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A term insurance policy is a type of life insurance plan that provides protection for a specific period of time.

It is also known as temporary coverage, because you may outlive the duration of your term life policy.

Usually, you may choose a policy term of 10, 15, 20, 25 or 30 years to meet your specific life insurance needs.

If you pass away while your life insurance coverage is In Force, the death benefit is paid out to your beneficiary.

If you outlive the duration of your coverage, there is n...

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Term life is temporary life insurance and provides coverage up to 30 years.

If the insured dies during the policy term, the death benefit is paid out to the beneficiary of the policy, subject to the terms, conditions and exclusions in the policy.

If you need life insurance protection lasting for a duration of thirty years or less, then term life insurance may be right for you.

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If you own a term life policy, you may be wondering what happens when your coverage ends.

At the end of your policy term, your life insurance coverage expires, which means you are no longer insured.

You may have the option to renew your coverage for an additional term, usually for a period of up to ten years.

Your premium at renewal of your policy will increase based on your age at that time.

Or, you may choose to go without any life insurance coverage.

Another option would be to buy a new life in...

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What does term life insurance cover?

Term life is temporary life insurance that pays out a death benefit upon the death of the insured person during the policy term.

The types of death covered by a term life policy include natural causes, illness, and accidental death.

In addition, suicide is covered if it occurs two years after the start of the policy (one year in some states).

Learn more about what term life insurance covers.

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The age that a term life insurance policy covers you to depends on your age at the time you buy your policy, and the duration or term of coverage.

For example, if you are 25 when you buy a 20-year term life policy, your coverage will remain "In Force" until you are 45 years old. But the policy expires at the 20-year anniversary of your coverage.

However, a term to age 70 policy provides life insurance protection until you reach 70 years old.

Learn more about Term life insurance covers to what age?

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It's called Return of Premium term life insurance which pays you back your premiums if you outlive the duration of your life insurance policy.

Usually, return of premium plans are offered for 20 or 30-years terms, but you may be able to choose from coverage lasting for a period of 10 to 30 years.

These plans have higher premiums upfront compared to regular term life insurance policies.

Learn more about life insurance that pays you back your premiums.

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If you are considering the purchase of a life insurance policy you may be wondering what type if best.

Actually, it depends on your personal situation and why you need life insurance.

Ask yourself this question: What goal do I want my life insurance plan to accomplish and how long will I need the life insurance to last in order to accomplish that goal?

Basically, if you need life insurance to last for a period of 30 years to less, then term life insurance is a good option.

However, if you need li...

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If you are the beneficiary of a life insurance policy, you may use the proceeds (death benefit) from the life insurance in any way you choose.

You could spend the money on paying for the burial of the insured person. Or, save the money.

Many people use the death benefit to replace the income of the insured.

But it's really up to you as beneficiary to choose how you wish to use the money you receive from the payout on a life insurance policy.

Learn more about what life insurance pays for.

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Life insurance with AD&D is life insurance that provides a death benefit payout for accidental death; as well as, natural causes and illness.

Traditional life insurance policies include coverage for accidental death.

However, you can have an individual insurance policy that covers only death resulting from an accident, which would be an accidental death insurance policy.

In addition, you may add coverage for double indemnity which pays out twice the death benefit if the insured dies from a cover...

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It's a life insurance policy used to provide protection for your family in case you die before your home mortgage loan is fully repaid.

You can purchase a term life insurance policy that will provide your loved ones with the money necessary to pay off the remaining balance owed on your mortgage should you die.

You can select a term life policy in the amount you currently owe on your mortgage.

In addition, make sure you select a policy "Term" (duration of coverage) that matches the length of time...

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Basic Life Insurance means life insurance provided to an Eligible Employee under a plan sponsored by the employee’s Company equal to 1 (or 1.5) times the employee’s "Base Pay" as defined under the life insurance plan in which the Eligible Employee participates.

Usually, any employee may participate in the group employer provided life insurance plan.

And, individual employees may be able to purchase additional increments of life insurance out of their own pocket, if they need more coverage.

L...

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What is term insurance and how does it work?

Term insurance is temporary life insurance lasting for a specific period of time, usually up to 30 years.

Many insurers offer term life insurance plans for a duration of 10, 15, 20, 25 or 30 years of protection.

If the insured person dies during the policy term, the death benefit is paid out to the beneficiary of the life insurance policy.

If there insured person is alive when the policy term expires, there is no payout of any benefits, and the coverag...

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Level term life insurance is a type of term life policy that offers competitive pricing with rates guaranteed remain level for the entire duration of your life insurance policy.

In addition, the amount of life insurance provided by your level term policy remains level for the entire policy term.

Level term life is the most popular type of term plan and offers the lowest rates for life insurance coverage.

These level term plans provide coverage for a duration of 10, 15, 20, 25 or 30 years.

Learn m...

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What is the best term life insurance plan to buy?

It really depends on your situation and insurance needs.

However, Level Term life insurance is by far the most popular type of term insurance plan purchased by consumers today.

Level Term offers you affordable pricing on coverage that lasts for up to 30 years.

With Level Term, your premiums are guaranteed never to increase during the life of your policy, and your coverage amount is guaranteed never to decrease during the life of your plan.

Here's h...

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Term life insurance is a type of life insurance plan that provides temporary coverage lasting for a specific number of years, usually up to 30 years.

Many insurers offer term life options of 10, 15, 20, 25 or 30 years of protection.

The longer your policy term (duration), the higher your cost of coverage.

Term life insurance offers death benefit only coverage, which means there is no cash value or investment feature of the policy, only life insurance death benefits.

It's the cheapest type of life...

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If you're shopping for life insurance you may be wondering about the differences between accidental death insurance and term life insurance.

Accidental death life insurance plans provide a death benefit if the insured person dies as a result of an accident without a specific timeframe of the accident.

Whereas, term life insurance pays out a death benefit if the insured person dies during the term (duration) of the policy, and if the death occurs as a result of natural causes, illness or an acci...

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If you are considering the purchase of a term life insurance policy, you probably need protection lasting for a period of thirty years or less.

Term life is temporary protection which means it lasts for the duration of your policy "Term". A term for term life coverage may be for 10, 15, 20, 25 or 30 years, usually.

Many people buy term insurance to provide protection for their family to replace their income, pay off the mortgage loan, or other debt they leave behind.

Term life offers the lowest ...

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Life insurance is a contract between an insurance company and the owner of the life insurance policy.

The insurance company agrees to pay out a death benefit on the policy when the insured person dies while the insurance is In Force.

In return, the owner of the policy agrees to pay premiums on a regular basis for the life insurance coverage.

The death benefit is paid to the beneficiary which is chosen by the owner of the policy.

If you have anyone who relies on you for financial support you may h...

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The best type of life insurance for you will depend on your specific situation and goals.

What do you want your life insurance plan to accomplish for you and your loved ones?

Also, your age, health, budget and the amount of life insurance will impact your buying decision.

As well as, how long you need your life insurance policy to last.

If you need life insurance for a period of 30 years or less, then term life offers the most affordable coverage.

If you need life insurance guaranteed to last your...

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Death benefit insurance is a type of life insurance that only provides a death benefit payout with no cash value inside your policy.

While permanent or whole life insurance may build cash value inside the policy, and provide a death benefit, term life insurance is death benefit only life insurance.

Term life is temporary life insurance lasting for a specific period of time.

If the insured person dies while the policy is In Force, the death benefit is paid out to the beneficiary of the insurance ...

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If you are purchasing life insurance you may be wondering what isn't covered by a life insurance policy.

Well, life insurance pays out a death benefit to your beneficiary upon your death if you die while your policy is In Force, and subject to the terms, conditions and exclusions stated in your life insurance contract (policy).

There are several reasons why a life insurance death benefit claim may be denied, including fraud, misrepresentation of a material fact on your application for coverage,...

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If you're shopping for a life insurance policy you may be wondering what it is life insurance covers you for.

Actually, a life insurance policy pays out a death benefit to your beneficiary upon your death, subject to the terms, conditions and exclusions stated in your life insurance contract.

A covered cause of death may include natural causes, accidents and suicide, if the suicide occurs after the suicide exclusion period - usually 2 years, but one year in some states.

Learn more about what lif...

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What is the meaning of term life insurance?

Term life insurance is a type of life insurance policy that provides temporary protection for a specified period of time, usually up to 30 years.

The "Term" of a term life policy is the duration of coverage provided by the life insurance.

You may be able to choose a "Term" of 10, 15, 20, 25 or 30 years of protection.

If the insured person dies during the policy term, the death benefit is paid out to the beneficiary of the term life policy.

If the insured...

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If you're considering the purchase of a term life insurance policy you may be wondering what are the benefits of term life coverage?

Term life can provide you with peace of mind knowing your family will have financial security should you pass away.

Term life also offer the most affordable life insurance protection available for a period of 30 years or less.

With term life you get the flexibility of choosing how long you have coverage, so you only pay for life insurance while you actually need it...
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It's a type of small life insurance policy providing lifetime protection which can be used to pay for your final expenses, including the cost of your funeral and burial.

Many burial insurance policies are offered with Guaranteed Approval, which means you cannot be turned down for a policy due to any health issues.

Several insurers offer burial expense life insurance policies including United of Omaha, Colonial Penn, AIG, MetLife, and Foresters, among others.

Learn more about how burial insurance...

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Funeral insurance is a type of permanent life insurance plan that provides a limited amount of insurance to pay for your final expenses, including the cost of your funeral and burial.

Usually, these funeral plans are guaranteed issue, which means you will not have to take a health exam or answer any questions about your health.

Many funeral policies offer from $3,000 up to $20,000 of life insurance protection.

Approval for funeral plans may be guaranteed, but the age requirements for guaranteed ...

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It's usual for an insurance company to require the applicant for life insurance to take a medical exam.

The life insurer uses this information to determine your health, and how your longevity.

The health examination is paid for by the life insurance carrier.

Usually, if you're age 30 or over, need more than $50,000 of life insurance, you smoke, or have health problems, you would be required to take a physical exam.

Learn more about at what age does life insurance require a physical exam.

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If you have term life insurance protection you may be wondering about your options when your coverage ends.

Well, you have a few to choose form, but it really depends on what your situation is and if you still need life insurance protection.

• You could go without any life insurance.
  
• Buy a new life insurance policy, which would likely require you to take a medical exam.
  
• Renew your current term life insurance policy, usually for up to ten years of coverage.
  

These are three of the most common options ...
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Guaranteed acceptance is a phrase used related to life insurance which is a type of life insurance policy you may purchase with guaranteed approval.

Also known as guaranteed issue life insurance, guaranteed acceptance plans are offered as an option for people who are older or having difficulty getting insured for life insurance.

With guaranteed approval plans you cannot be turned down for coverage due to any health issues.

As long as you meet the age requirements and can pay the premiums, you ca...

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The grace period for a life insurance policy is the time after a missed insurance premium is due, where a life insurance policy will not lapse even though the payment is past due.  It means, you still have your life insurance coverage In Force.

The grace period of a life insurance policy is mandated by every state in the United States.

The Minimum Grace Period usually varies from 28-31 days depending on individual state laws, but some life insurance carriers may give longer grace periods.  

The...

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It really depends on your situation.

First, how much money did you put down when you purchased your home?

If you are putting down less than 20% for a down payment on your home, then you may be required to purchase PMI insurance, to protect the lender.

However, if PMI is not required, then you may not need life insurance.

But, it is a good idea to have some life insurance to make sure your loved ones have the money needed to pay off the outstanding balance on your home mortgage loan in case you d...

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If you're shopping for a life insurance policy you may be wondering why people choose to buy term life insurance protection. It's actually very simple.

Term life is temporary coverage lasting for up to 30 years, and offers the lowest prices on life insurance.

So, if you need your life insurance protection for a period of 30 years or less, term life is the option for you.

Permanent life insurance provides lifetime protection, but costs up to 5-10 times more than the same amount of term life insu...

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If you're shopping for a term life insurance policy you may be wondering if you qualify based on your age.

There are certain age limits on term insurance plans which limit the length (duration) of coverage you may qualify to buy based on your age.

For example, while a 50 year old may be able to buy a 25 or 30 year term life plan, a 75 year old may be limited to 10 years of term life coverage.

Learn more about the age limits for term insurance policies.

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If you want to find the lowest priced life insurance coverage, you'll want to check out term life insurance.

Term life plans offer the lowest prices on life insurance.

With term life you choose a "term" which is the duration of your policy - how long your life insurance protection to last.

The shorter the policy "term", the lower your cost.

Term life usually offers coverage lasting for a period of up to 30 years, but you may be able to choose term for 10, 15, 20, 25 or 30 years of coverage.

Perman...

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If you're buying a new home, or you have a home, you may be considering mortgage life insurance to pay off your outstanding mortgage should you pass away.

With mortgage term life insurance you can get affordable rates and the coverage you need to fit your specific mortgage.

With mortgage term life plans you select a duration of coverage (term) that matches your mortgage loan - 15, 20 or 30 years.

And, choose an amount of term life insurance that matches the amount you owe on your home loan mortg...

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Direct term life insurance is a type of life insurance policy you can purchase direct from the life insurer online.

Term insurance is temporary protection lasting for a period of up to thirty years.

There may be several different terms of coverage available, including 10, 15, 20, or 30 year term life policies.

The longer your policy term, the higher your annual cost for insurance.

Several life insurers offer direct term life insurance, including Haven Life, AAA, ANICO, Fidelity Life and Globe Lif...
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If you're shopping for a life insurance plan you may have heard about term insurance and whole life insurance, and wondered what is the difference?

Well, there are several important differences about the two basic types of life insurance: Term and Whole Life:

• Price
  
• Duration of Coverage
  
• Cash Value
  

To start, term life costs a lot less than whole life insurance because it is temporary, lasting for 30 years or less. Usually, whole life may cost up to 2-3 times more than the same amount of term life in...
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I need burial insurance to help pay for my final expenses, including the cost of my funeral and burial.

How much does it cost for burial coverage?

The premium charged for a burial life insurance plan will depend on several factors, including your gender, age and amount of insurance you need.

In addition, rates on burial coverage vary by insurance company.

For example, one insurer offers $3,000 of guaranteed issue burial insurance for $8.80 per month, while another insurer has a minimum premium of...
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The best type of life insurance for seniors is the coverage that meets your specific needs, and fits your budget. 

Seniors may choose from term life insurance or whole life insurance for their coverage.

If you need life insurance for a duration of 20 years or less, then term life may be most affordable type of policy.

If you need life insurance guaranteed to last your entire lifetime, then whole life insurance may be the best option.

If you have been turned down for life insurance before, then gu...
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When it comes to shopping for life insurance there are several different types of plans to choose from; however, the two basic types of coverage are Term Life and Whole Life.

Term life is a type of temporary coverage providing you with protection for a set period of time, usually lasting up to 30 years.

Whereas, whole life provides lifetime protection for as long as you live, usually.

Each of these two plans offer variations; for example, with term life there are annually renewable plans, decrea...
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Term life insurance is a type of life insurance that provides temporary coverage for a specific number of years, usually for a period up to 30 years.

With term insurance, you select a term of coverage from 10, 15, 20 or 30 years.

If you pass away during your policy term, your beneficiary receives a payout of the death benefit from your term life policy.

If you outlive the term of your policy, there is no payout, and the coverage ends.

Term insurance is the lowest priced type of life insurance cov...
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Underwriting of life insurance is the process used by insurance carriers to analyze the risk presented by an applicant for coverage and determine if the person should be accepted for coverage, how much insurance to insure the person for, and at what premium.

There are factors considered when underwriting life insurance, including the applicant's age, gender, health, occupation, hobbies, lifestyle, tobacco use, driving record, among other things.

These risk factors help the life insurance compan...
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What factors will affect the cost of my life insurance and what makes life insurance cost more?

When it comes to pricing of life insurance, the rate for coverage is based on several factors including the type of life insurance policy, the duration of coverage, and the amount of life insurance.

In addition, your personal risk factors will affect the price you pay, including your age, gender, health, family health history, driving record, lifestyle, hobbies, occupation, tobacco use, height-to-wei...
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What is life insurance with guaranteed acceptance?

It's a type of life insurance plan that guarantees your approval for coverage - that means you cannot be denied coverage due to any health issues.

Basically, it means, if you meet the age requirements for acceptance, you cannot be turned down.

These plans may be available for people ages 45 to 85, depending on the insurance company offering the plan.

In addition, with guaranteed approval you will not have to take any health exam or answer any que...
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What should I consider when shooting for the right life insurance coverage?

There's several important things to consider before making your purchase.

You'll want to answer the following questions:

• What type of life insurance do I need?
  
• How much life insurance do I need?
  
• How much does life insurance cost"
  
• What is my budget for life insurance?
  
• How long do I need my life insurance to last?
  
• What is the financial strength rating of the insurance company?
• How long is my rate guaranteed to remain the same?
• Wh...

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What are term life insurance price quotes and how do they work?

A quote for term insurance is an estimate of the annual cost for your term life policy based on the information you provide on the quote request form when requesting your life insurance quote.


You'll be asked some basic questions to get a free quote which may include your gender, age, state of residence, tobacco use, health, amount of life insurance coverage and duration of coverage needed.

Make sure you answer all questions truthfu...
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If you're shopping for a life insurance policy you may want to compare price quotes for life insurance.

But what are quotes for life insurance?

Life insurance price quotes are estimates of the cost of a life insurance policy provided by life insurance companies.

You can compare life insurance price quotes from multiple life insurers by visiting an insurance website that has access to a large network of insurers and filling out a life insurance quote request.

Your price quote will provide you with...

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I want to get temporary life insurance, but I'm not sure which type to get and for how long.

When it comes to choosing term insurance, your basic options for duration of coverage are from 10 to 30 years.

Most insurers offer term life plans that last for a period of 10, 15, 20 or 30 years.

In addition, the most popular type of term insurance is level term life insurance because it's easy to understand, flexible and offers the most affordable rates.

Learn more about what term life insurance do you ...
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What should I be considering when I purchase my life insurance?

If you have decided you need life insurance there are several considerations when buying life insurance protection.

What type of life insurance do you need to accomplish your goals? You' want to learn about the two basic types of coverage: Term Life and Permanent Life Insurance.

Next, how much life insurance do you need? You'll want to use a life insurance needs calculator to help you determine your actual need for life insurance.

Wh...
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How do you decide what duration (term) to buy for your term life insurance policy?

Actually, it's easier than you think. 

Just ask yourself this question - How long do I need life insurance to accomplish my life insurance goals?

So, if you want to make sure your new one is paid off in case you pass away before the 30 year mortgage is paid off, then choose a 30 year term for your term life policy.

If you want to make sure your 3 year old has enough money to go to college in case you pass away, the...
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What is term life insurance with guaranteed renewability?

It's a temporary life insurance policy that allows you to renew your policy for an additional period of time when the original life insurance policy ends.

You will not have to take an exam but your renewal policy will charge a premium based on your age at the time you renew your life insurance.

Usually, a renewal policy is offered for a duration of up to 10 years. That way, if your needs change after buying your first term life plan, you ...
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Burial insurance usually refers to a whole life insurance policy with a death benefit of from $3,000 up to $20,000 or more.

As its name implies, people buy this type of life insurance policy to provide money to pay for the funeral and burial costs for themselves and/or family members.

Many people who do not have enough money saved to cover the cost of their final expenses choose to purchase a burial policy so their loved ones do not have to suffer the financial stress of findi...

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Term life provides simple relatively inexpensive life insurance coverage for a specified period of time.

It's cheap, flexible and easy-to-understand.

Term life offers the lowest prices on short term insurance for up to 30 years of coverage.

You can choose a term of 10, 15, 20 or 30 years of life insurance protection to meet your needs.

If you die during the term of your life insurance policy, your beneficiary receives the death benefit.

If you outlive the duration of your term life policy, your li...
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What is a level term insurance policy?

It's a type of life insurance that provides temporary coverage for a specific period of time, usually form 10 to 30 years.

How does it work? It's simple and affordable. You select a term for your coverage form 10, 15, 20 or 30 years. The term is the duration of your life insurance policy. The longer your term, the higher your annual cost of life insurance.

If you pass away during the term of your policy, the person you choose (your beneficiary) to receive y...
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Dependent life insurance is life insurance you can get to cover your spouse and children (dependents).

Many employers offer employer provided group life insurance plans for their employees. These plans may allow you to add coverage for your dependents.

In addition, you may purchase your own individual life insurance policy with coverage added by rider to provide coverage for your spouse ad kids.

Or, you could buy separate life insurance policies on your spouse and your children.

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Term coverage is also known as term life insurance which is temporary life insurance protection for a specific period of time.

When selecting a term policy you have the flexibility of choosing your coverage to last for a period of 10, 15, 20 or 30 years, usually.

The longer your "term", the higher your annual cost of life insurance.

With level term policies you pay the same amount of premium for your coverage each year for the entire duration of your life insurance.

And, the amount of life insura...
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I you own a term life insurance policy and it is about to expire, you may have any one of several options available.

You could choose to do any of the following:

• Let your life insurance coverage expire and go without life insurance if you no longer have a need for coverage.
• Renew your policy for another term, usually up to 10 years, with your renewal premium based on your age at the time you renew your policy.
• Choose to purchase a new life insurance policy from a different life insurance company....

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In most states the insured has 10 days in which to examine their life insurance policy, and if not satisfied, to return it to the insurance company for a full refund of the initial premium paid to the insurer.

Free look periods may vary, but the minimum amount of time for a free look is usually 10 days.

The free look gives you a guaranteed refund if you are not satisfied with the purchase of your life insurance policy. So, you get back the money you paid to start your life insu...

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What is Termfinder?

Termfinder is an online life insurance broker that has a network of more than 70 of the leading life insurance companies.

Termfinder offers you a way to instantly compare free life insurance quotes online form the top life insurance carriers.

You just fill out a short quote request form answering some basic questions and then you instantly see the best prices for life insurance on your screen without any delays or hassles.

With Termfinder you can find affordable life insurance...
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Universal life insurance provides a flexible premium and an adjustable death benefit that builds value over time inside your life insurance policy.

The flexible nature of the universal life insurance policy means that the policyholder is free to change the amount of life insurance coverage to match his or her needs, making it easy to adjust the life insurance policy.

Get a free quote for universal life insurance


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The whole purpose of life insurance is to provide money to your loved ones in the event of your untimely death.

When the breadwinner in the family dies, those left behind can have serious difficulty keeping up with the bills, paying the mortgage and making ends meet.

The death benefit provided by your life insurance policy is intended to help pay those expenses and make moving on easier.

The death benefit from a life insurance policy is typically provided in a lump sum equal ...

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If you take out a term life insurance policy and you out live the term then you will need to be aware of your options:

1. Your Life Insurance Premiums Will Increase. If you are nearing the end of your term and you want to continue your life insurance, you will need to pay a higher premium.

2. You Can Apply for a New Term Life Insurance Policy. If you are healthy at the end of your term life policy buy you want to continue your life insurance coverage, you can apply for a new po...

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I have life insurance through my employer. Is that enough?

It depends on how much life insurance you have through work, and how much life insurance you need.

You can use a life insurance needs calculator to quickly and easily determine how much total life insurance coverage you really need.

Usually, a life insurance plan through your employer will provide 1 times your annual income in coverage. So, if you earn $50,000 a year, you may have $50,000 of coverage. But this may vary b...

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Funeral insurance and life insurance are different in a few ways.

Life insurance may offer up to $1,000,000 of protection or more depending on your age and health.

Whereas, funeral insurance usually offers up to $25,000 of coverage.

Life insurance may or may not require you to take a health exam, depending on your age and the amount of coverage you need.

Whereas, a funeral insurance policy may provide coverage with no health exam and no health questions asked.

Life insurance may decline to offer y...
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Which term life insurance is best and what company offers the best rates?

Term insurance is short term life insurance for a period of 30 years or less.

You want to decide how long you need life insurance protection, and then choose the right term that m,sets your needs.

For instance, if you want life insurance protection for your family until the kids are grown and on their own, you may want a term of 15 or 20 years depending on the ages of your children.

Or, if you want life insurance to pay off...
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Term life insurance is what people call "pure insurance." It is pure life insurance protection with no investment feature in the policy. It provides life insurance, and there is no build up of cash value inside the policy.

You pay a premium for a specific period of time, usually 10 to 30 years, and the insurance company will pay a death benefit to your beneficiary if you pass away in that time period.

You designate an amount of life insurance with the insurance company and the...

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The best term life insurance for people over 50 may depend on your own personal situation and what your life insurance needs are - for example, what do you want your life insurance policy to accomplish?

Since term life insurance is temporary protection for a specific period of time, you may choose coverage for a term of 10, 15, 20 or 30 years.

The longer your "term" for coverage, the higher your annual premium. Also, the larger the amount of life insurance you buy, the higher your premium.

Your ...
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Whole life insurance coverage is a type of life insurance policy that provides you with guaranteed lifetime protection and builds cash value inside the policy over time from which you may take a loan.

Regular whole life insurance policies provide you with full coverage immediately,m from the first day you are insured.

However, some whole life insurance policies; such as, guaranteed issue whole life insurance, provides limited death benefits the first 2 or 30 years you are insured under the poli...
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I want to purchase a life insurance policy but I'm not sure which type of life insurance will be right for me.

There are two type of life insurance policies - Term and Permanent.

Term is temporary life insurance for a period of 1 to 30 years. Most term life policies provide coverage for a "term" of 10, 15, 20 or 30 years. So, if your need for life insurance is for 30 years or less, then term life insurance may offer you the most affordable option.

Permanent (whole) life insurance provides guaran...
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Life insurance is a contract between an individual and a life insurance company.

The insured person agrees to pay a premium to the insurance company in return for the life insurance company promising to pay out a death benefit to the insured person's beneficiary of choice upon the death of the insured person.

The life insurance policy may include specific exclusions for which the death benefit will not be paid out, for instance, if the insured person were to commit suicide within 2 years of pur...
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A 15 year term life insurance policy usually has the following features:

1. A set premium for 15 years.
   
2. A set death benefit for 15 years.
   
3. No cash value.
   
4. Only pays the death benefit if the insured person passes away during the 15 year term of the life insurance policy.
   

A 15 year term life policy may offer the option of renewing your coverage at the end of the term for an increase in premium.

Here's how you can learn more and compare 15 year term life insurance premiums toda...

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I am over age 50 and want to find the best life insurance coverage - what type of plan might be best for me?

If you're over 50 years old, and have no other life insurance, you may want to consider what you want the coverage to accomplish? Is it for leaving finds to your surviving family members to live on, or to provide for your final expenses?

Do you have anyone who relies on you for financial support? Do you have any outstanding debts? Do you have a spouse? Does your spouse work?

These are all...
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If you're looking to but true lowest priced life insurance policy you may want to consider term life insurance.

Why term life? Because, term life insurance has the lowest rates on life insurance with coverage for up to 30 years.

Term life is the cheapest because it is temporary, lasting for the term of your policy.

You can usually choose a term of 5, 10, 15, 20, 25 or 30 years for your term life insurance policy.

The shorter the term, the lower your premium. The lower the amount of life insurance...
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The rate you pay per $1,000 of life insurance coverage is guaranteed to remain level throughout your life for a permanent life insurance policy, unless otherwise stated in the policy contract.

With term life insurance your rate may increase every five years, or it may increase annually, depending on the type of term life plan.

However, some term life policies provide guaranteed level rates for a term of 10, 15, 20 or 30 years, which is most common. 

So, if you bought a 10 ...

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Guaranteed issue in life insurance means that you will not be turned down for life insurance for any reason, regardless of any health condition.  

Most life insurance policies go through underwriting, which is where the life insurance company decides the degree of risk involved with insuring you for life insurance.

For example, are you healthy and expected to live a long life or do you have health issues that could shorten your life expectancy?

With a guaranteed issue life insur...

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When you buy a life insurance policy the insurance company bases your cost of coverage per $1,000 of life insurance on a rate they determine based on your age, health, type and amount of life insurance; as well as, other risk factors.

Your personal risk factors that affect your rate for life insurance may include your lifestyle, tobacco use, occupation, hobbies, driving record, height-to-weight ratio, and family health history, among other things.

These risk factors are considered by the insure...
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A guaranteed whole life insurance policy is life insurance that is guaranteed issue, and provides guaranteed lifetime protection.

A guaranteed issue life insurance policy offers a small amount of life insurance, usually up to $20,000 with limited requirements. So, there's usually no health exam required and there may be no health questions asked, depending on the life insurance company and plan.

And, if you meet the age requirements, you are guaranteed to be approved for coverage. 

For instance,...
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Final expense life insurance is a common term that simply refers to a life insurance plan people buy to help pay for their burial and funeral expenses and other expenses related to their passing.

These final expense whole life insurance policies usually provide around $20,000 or less in the policy's face amount of life insurance death benefit coverage.

There are no medical examinations required to qualify for this type of life insurance plan.

However, there may be some healt...

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A term life insurance policy has a start date and an end date.

Many term life policies will offer renewal after the end of the guaranteed premium period; however, the rate increases are usually substantial, so it may cost a lot more than you were paying for your original term life insurance coverage.

If you are healthy and can qualify for a new life insurance policy, that might be a better option than renewing your expiring term life insurance.

If you have a permanent need fo...

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20 year term life insurance means that you have life insurance protection for a period of 20 years, and your rate will remain level for the entire duration of that 20 year term.

Also, the amount of life insurance protection stays the same each year for the 20 year period of time.

However, if you outlive the 20 year term, your life insurance policy expires and no death benefit is paid out on the policy. This is one reason term life insurance costs a lot less than permanent life insurance protect...
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Good rates for a term life insurance policy may be $10 per month or $50 per month. It can vary quite a bit based on the amount of life insurance coverage and the length of the term for your policy.

In addition, your age and health will have a big impact on the rate you pay for your term life policy. The longer your life expectancy, the lower your rate for term life insurance.

Other factors that the insurance company will consider when determining your rate include your family health history, li...
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What is voluntary term life insurance?

Usually it is a life insurance plan offered through your employer to provide employees with an opportunity to purchase life insurance coverage through work, and the premiums may be payroll deducted.

In some cases, voluntary group life insurance plans offer life insurance coverage at a higher cost, but with fewer health questions and no laboratory testing. 

It's important to keep in mind when considering life insurance that the more healt...

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Is term life insurance better or whole life?

The answer depends on your own personal needs and situation.

Term life insurance may be a good idea if you are on a budget, need the most life insurance for your money, or need life insurance for 30 years or less.

Whole life insurance may be a good idea if you really need lifetime protection that will not end, or you want to build up cash value inside your policy over time, in addition to having life insurance.

Term life is temporary and provides pure ...
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There are many things to consider when buying a life insurance policy.

First, what is it you want your life insurance to accomplish?

How long do you want your life insurance protection to last?  

How healthy are you?

How much can you safely afford to spend on your life insurance policy?

The answers to those questions will give you a better idea of what to look for when shopping for your policy.

In addition think about how much life insurance you really need, and if you are marrie...

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If you are buying a life insurance policy the insurance company may require that you take a medical exam. The life insurance exam is paid for by the insurance company.

The exam may take a sample of your blood and/or urine to test it for drugs. The drug testing may check for any legal and illegal drugs in your system. 

Each life insurance company may have their own set of guidelines of what to test for and what positive test results in a decline for coverage. Some of the dru...

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There are different "types" of no medical exam life insurance plans that are available.

Some life insurance companies offer life insurance up to a certain amount by asking a few medical questions and if you answer those satisfactorily the life insurance coverage is issued. This type of life insurance could cost you more than similar life insurance that is fully underwritten.

Some no exam life insurance plans offer up to $350,000 or more of life insurance without any health ex...

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Life insurance plays an important role in your financial and retirement planning.

Life insurance creates cash upon the death of the insured person, and can also offer tax advantaged growth inside the policy.

Your first step is to determine what you want to accomplish with your life insurance and if your need for life insurance is temporary (30 years of less), or permanent, for your entire lifetime.

If you have a family you might want your life insurance coverage to replace y...

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There are several different terms used to identify the cost of a life insurance policy.

Some of the more common terms used are the "quote, "rate" and "rating" of a life insurance policy.

Here are the commonly understood definitions of these life insurance terms:

A Life insurance quote is the price the life insurance company thinks you will get based on the information you provided when requesting a life insurance quote. 

If you are looking for a medically underwritten policy and ...

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When you take a medical examination for a life insurance policy, you usually have a blood test and urine test in addition to the health questions and vitals check.

For older people the life insurance company may ask you to complete an EKG as well a mature assessment which looks at cognitive and mobile abilities. Seniors may be asked to perform the mature assessment.

Some common things life insurers look for in these health tests may include cholesterol levels, A1C (Blood Sug...

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Term life insurance is temporary coverage for a set period of time.

The term is the period of time that the premium and coverage is guaranteed.

If you have a term life policy and the guarantee period on it is expiring, you have a several options that may be available:

1. You can continue to pay the annual premiums as the term policy will be annually renew, however, the premiums will start to go up each year (based on age) by a substantial amount. That means each year you will ...

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The price you pay for a life insurance policy will depend on the type and amount of life insurance coverage you purchase.

In addition, rates for life insurance will vary by insurance company.

Your own personal risk factors will have an impact on your rate for life insurance. These risk factors may include your age, gender, health, family health history, occupation, hobbies, height-to-weight ratio, lifestyle, driving record, if you smoke or not, and other factors that affect how long you may be ...
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Term insurance is short term life insurance protection for a specific period of time - usually lasting for a "term" of 10, 15, 20 or 30 years.

With term insurance, your premium remains the same each year for the duration of your term, so if you have a 10 year term life plan, you pay the same premium for 10 years.

The price you pay for your term insurance will vary by length of term, so a 10 year term policy will have lower annual premiums than a 20 year term policy, because your chances of surv...
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Coverage length for a life insurance policy means the length of time that your life insurance policy will stay In effect - how long you will have the life insurance coverage. 

Usually, the coverage length of a life insurance policy is referring to how long the policy will stay in effect at a level premium (level meaning the premium is guaranteed not to go up).

The life insurance coverage length assumes that premium payments are made on time and if a policy loan is taken from t...

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What is whole life insurance?

Whole life insurance is one of two types of life insurance coverage.

Whole life provides life insurance protection and a savings component.

Whole life insurance gives you guaranteed life insurance for your entire life.

In addition, it builds up cash value inside the policy over time from which you may be able to take a loan.

With whole life, you pay the same premium for your life insurance coverage each year.

Whole life insurance costs a lot more than term life insuran...
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If you own a life insurance policy you choose who the beneficiary will be upon purchasing the policy.

You may choose more than one person to receive a portion of the proceeds from your life insurance policy.

If the primary beneficiary dies before you do, then you can change beneficiaries on your life insurance policy.

If the primary beneficiary dies after you do, but has yet to receive the proceeds from your life insurance policy after your death, then the money would go to the secondary benefic...
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Term life and permanent life insurance are the two basic types of life insurance.

Term life insurance costs the least because it is temporary and builds no cash value inside the policy.

Permanent life insurance provides lifetime coverage; whereas, term life is temporary with level rates for up to 30 years of life insurance protection.

Term life offers the flexibility of providing coverage with level premiums for a period of 10, 15, 20 or 30 years.

Since term life costs less, it means you can affo...
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Guaranteed issue in a life insurance policy means that you will not be turned down for coverage any reason, regardless of any health condition.  

Most life insurance policies go through full underwriting, which is where the life insurance company decides the degree of risk involved with insuring your life. For example, are you healthy and expected to live a long life or do you have health concerns that could potentially shorten your life expectancy?  

With a guaranteed issue li...

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Globe Life and Accident Insurance Company is rated "A+" Superior by AM Best Company for financial strength.

Globe life insurance company has been around since 1951.  

Globe offers term life insurance, whole life insurance and children's life insurance policies.  

Globe has a deal where you pay $1 for the first month and then your premium is based on your age at the time of issue. Some adult term life insurance plans start as low as $5 or $6 per month after the initial $1 payment...

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If you fill out an application for life insurance coverage, it will ask you: "What is the purpose for your life insurance policy?" That is because the purpose varies from person to person.

Some of the more common purposes for which people buy a life insurance policy include:

• To replace their income for their family.
• To hire others to replace their contributions to the family that would be lost upon their death of the insured (daycare, transportation, cleaning services, lawn ...

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Here is a list of the highest rated life insurance companies for financial strength:

New York Life

Northwestern Mutual 

TIAA-CREF 

USAA

They all have the highest financial ratings an insurance company can achieve from the credit rating agencies.

You can visit AM Best Company, Moody's or Standard & Poor's to check on the financial strength ratings of insurance companies.

Here is a list of the Top 10 Life Insurance Companies and their financial strength ratings from AM Best ...

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How much you spend on your life insurance policy will depend on several things, including how much life insurance you need and what type of life insurance policy you want to buy.

There are several factors that you have to consider when deciding how much to spend on your  life insurance.   First consider your age.  The older you are when you purchase your life insurance plan, the higher your cost of life insurance.

Then factor in your health, smoking status, and lifestyle inclu...

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When comparing term life insurance policies there are several features to consider:

1. How much is the premium and how long is it guaranteed to stay the same?

2. How much life insurance coverage is provided and how long is it guaranteed to stay the same?

3. Does full coverage start immediately?

4. Is the term life insurance policy convertible to permanent life insurance without evidence of insurability, and for how long?

5. What is the financial strength rating of the life i...

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If your life insurance policy lapses, it means that your life insurance coverage has ended.

In order to reinstate your life insurance policy coverage you will have to prove that your health has not changed, and pay any life insurance premiums due.

If that is not possible, you will have to get a new life insurance policy with life insurance rates which would be based on your current health and age.

Learn more about a lapsed life insurance policy and what that means.

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A joint life insurance policy provides life insurance protection for two or more lives.

When one of the insured persons dies, the life insurance policy pays the death benefit and the life insurance coverage ends. It no longer covers the other insured person under the life insurance policy. 

A joint and last survivor life insurance policy does not pay out a death benefit when the first person dies, but pays out the death benefit upon the death of the last person to die who is...

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There is no one best life insurance company for all seniors, although some are certainly better for older people than others.

The one life insurance carrier that is best for you will depend on your age, what amount of life insurance you need, what type of life insurance plan you want, your health, and even the state in which you reside, among other factors.

If you are over age 60 and looking for life insurance to cover your funeral costs, you will most likely find your most ...

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When it comes to buying life insurance for someone over age 50, there are several highly-rated life insurance companies.

However, choosing the best company will depend on your needs and budget, as well as, the insurer's financial strength rating and what the plan provides you as far as immediate full coverage and affordability.

There are several well-known insurers of people over age 50 including Globe Life, Colonial Penn, AARP/NewYork Life, Metlife and Prudential, among others.

One way to find ...
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A whole life insurance policy is a type of life insurance that provides lifetime protection.

Whole Life offers guarantees on a couple different levels as it applies to your life insurance policy.  

First, the death benefit is guaranteed to remain level,  and second, the premium is guaranteed to remain level, and lastly, the cash value is guaranteed. 

Whole life insurance policies build up cash value inside the whole life insurance policy over time. You may be able to take a loan...

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Life insurance is a form of financial security for the ones you love, those who depend on your for financial support.

Life insurance proceeds are left to the people you choose as beneficiaries of your life insurance policy, and those funds can be used for any purpose they choose to use the money.

So, for instance, the death benefit from your life insurance could go to your spouse to be used for living expenses, to pay for your child's college education, to provide money for your spouse's retire...
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Guaranteed level term life insurance is life insurance that is guaranteed not to go up in price, or down in death benefit, for the entire term of your life insurance policy.

For example, if you took out a guaranteed level term life insurance policy of $1,000,000 for a 26 year term at a rate of $80 per month at age 26, you would be paying the same premium annually at age 55 as you were at age 26.

If you passed away any time during those 30 years, your beneficiary would receive ...

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Each life insurance provider has their own pros and cons.  

The key is understanding which life insurance provider has the best solution for your specific life insurance needs.

Each life insurance company has their own set of underwriting and pricing guidelines based on their experience with different classes of risk for life insurance; such as, smokers, seniors, diabetics, etc. So, you may want to compare plans and pricing from several life insurance companies because they all...

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The best life insurance for your child may depend on your child's age, health and the insurance company's coverage and pricing available for your child.

Several insurers offer child life insurance plans. Some of the better known child life insurance carriers include Globe Life, Gerber, and Prudential, among others.

Since each life insurance company has their own set of pricing guidelines, and requirements for acceptance, as well as, their own specific financial strength rating, you may want to ...
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Life insurance that is guaranteed issue means that the person applying for the life insurance policy cannot be turned down due to life insurance, or other risks.

However, there are usually strict age guidelines for guaranteed issue life insurance policies, with the minimum age usually around ages 40-50 and the maximum age usually under age 80. 

Also, the life insurance policy usually has a graded death benefit during the first one to three years, meaning that it will pay a p...

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A term life insurance policy is a form of temporary life insurance elating for a specific period of time.

Usually, a term life insurance plan provides coverage for 10, 15, 20 or 30 years. Your premium is guaranteed for the term of your policy, and level term life insurance has level amounts of life insurance coverage for the entire term of your policy.

If you die during the term, your life insurance pays out a death benefit to the person you chose as beneficiary.

If you outlive the term of your ...
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When you apply for life insurance coverage there are many questions asked about the coverage you need, and your health history. Many of these questions assist the insurance company in determining if they will offer you life insurance, how much they will offer, and what they will charge you for your policy.

For example, the life insurance carrier may ask how much life insurance you need, what type of life insurance, and how you will pay your premiums - monthly, quarterly, or annually.

In additio...
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The term of a life insurance policy is usually the number of years that a Term Life Insurance policy will stay the same price.

Term life insurance plans that are "level term" have the same premium each year for the duration of the term; such as, 10, 15 or 20 years.

I say "usually" because some life insurance policies will increase the price every few years or every 5 years, or at a certain point in the policy.

Other life insurance plans will say the policy "usually" will stay ...

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There are several questions you may want to ask when purchasing your life insurance policy.

It's important to get the right amount of life insurance, choose a financially secure life insurer, and get affordable coverage with rates that are guaranteed to remain level.

1. Does the life insurance policy cover *death by any reason? In other words, don't be fooled into buying Accidental Death Life Insurance  when you think you are buying Life insurance which covers all types of deat...

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Term life insurance is a type of temporary life insurance which lasts for a certain period of time.

Usually, term life policies provide coverage for a term (duration) of 10, 15, 20 or 30 years.

When the term ends, the life insurance coverage expires, you have no more life insurance.

The term life insurance does not end at a specific age, but the anniversary date of the end of the term for your policy.

When the term comes to an end, you may renew your policy for another term, or apply for a new li...
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There are a few benefits of term life insurance over whole life insurance, including:

1. Term life costs a lot less than whole life insurance which means you can afford to buy more life insurance.

2. Term life offers the flexibility if choosing how long you have life insurance coverage from 10, 15, 20 or 30 years of protection.

3. Term life is easy to understand, you pay premiums for the coverage for a certain period of time, if you die during the term, your beneficiary receives a death benefit....
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Life insurance quotes are an estimated cost of your life insurance policy.

You can request life insurance quotes online, or by contacting a local life insurance agent, or calling a life insurance company direct.

In order to get an online life insurance quote you visit a life insurance website, fill out a quote request form, and instantly receive the lowest rates for life insurance from a network of highly-rated life insurance companies.

Life insurance quotes and quick, easy and convenient. You c...
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There are several features to consider when comparing term life insurance policies, including:

1) The price and death benefit are guaranteed to stay the same for the full term,

2) How long the term lasts - 5, 10, 15, 20 or 30 years?

3) The term life policy is convertible to permanent life insurance without evidence of insurability for an extended period of time, and

4) The life insurance carrier is reputable and highly rated by AM Best Company for financial strength.

Also, c...

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Any accident that causes death would be consider accidental death.

An accident is an event which was unintended.

Whereas, life insurance covers death by old age, accident, or intentional death by suicide, if you have been insured for two or more years, one year in some states like Colorado.

Accidental death insurance covers only death resulting from an accident, and most policies require death to happen within a certain period of time of the accident, such as, 30 or 90 days, in order for the dea...
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The face amount of a life insurance policy is the original dollar amount of life insurance protection or coverage for which the policy was taken out.

The face amount of life insurance is also the amount of money that is paid to the beneficiary or insured (if the policy matures), minus any loans, or increased by any values stated in the contract.

The face amount of a life insurance policy is the amount of money your beneficiary will receive upon the death of the insured perso...

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The life insurance industry has several hundred life insurance companies, many of which specialize in insuring certain types of risk, including high risk applicants.

A declination from one life insurance company may not mean you will definitely be declined by another life insurance company.

After a declination for life insurance, you may still want to continue shopping for life insurance from other life insurance companies that specialize in insuring impaired risk applicant...

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I physical exam for life insurance is an examination that checks your health for any ailments and to determine if you have any nicotine or illegal drugs in your system, as well as if you have STD's, high cholesterol, high protein levels, or any other health problems, such as, diabetes or emphysema.

Life insurance companies don;t always require a medical exam of the person applying for life insurance. It depends on the person's age and the amount of life insurance requested. For instance, a 30 ...
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There are a few basic types of term life insurance policies.

The most popular type is level term life insurance. Then there's decreasing term life which isn't sold by many insurers anymore.

And, there's return of premium term life insurance which returns almost all of the premiums you paid for your life insurance if you outlive the term (duration) of your term life insurance policy. 

Level term offers you rates that remain the same each year for the term of your policy, while your amount of life...
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What happens at a life insurance exam depends on your age, the life insurance company, and the amount of life insurance for which you are applying. 

If you are young and applying for a small life insurance policy under $100,000 of coverage, it is possible that all that is needed is answering some medical questions, and maybe giving a sample of urine for testing.

For most people that apply for a medically underwritten life insurance policy over $100,000 of coverage, a blood ...

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Some of the most common reasons why life insurance is denied may include:

1. You applied for a life insurance policy for which you do not qualify due to a medical condition, being overweight or underweight per the policy guidelines, or are out of the age limits of the policy. If you are too old, you may not qualify, or if you are overweight, you may not meet the insurer's underwriting guidelines for acceptance.

2. You are not a US citizen or do not have a green card or work...

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When the term of a term life policy has ended, either:

1. The life insurance policy ends, which means there is no longer any life insurance coverage, or

2. The life insurance policy goes into an annually renewable term, unless

3. It has a rider or feature that enables it to enter a new level premium for a term of 5 or 10 years usually, at a higher price.

This new annually renewable premium is much higher than the original term life insurance premium was and can go up every year ...

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What are the main drugs that are a part of life insurance drug testing?

Life insurance companies may test for everything. Specifically, drug testing for life insurance may include marijuana, alcohol, cocaine, methamphetamine, LSD, heroin and other opiates. This is done through testing of samples of your blood and urine specimens.

Marijuana and alcohol are insurable by lost life insurance companies - you'll just pay higher rates depending on your amount of alcohol or marijua...

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